Permissive Waste
Permissive waste is failure to maintain the estate, both physically and financially. Rather than requiring some bad act on the part of the tenant, this requires the failure to maintain ordinary repairs, pay taxes, or pay interest on the mortgage by the life tenant or the lessee of a leasehold estate.
Read more about this topic: Waste (law)
Famous quotes containing the word waste:
“Alone, even doing nothing, you do not waste your time. You do, almost always, in company. No encounter with yourself can be altogether sterile: Something necessarily emerges, even if only the hope of some day meeting yourself again.”
—E.M. Cioran (b. 1911)